Payday Express Default

[greendragon]

Hi,

 

I have an old debt with Payday Express, which is now being chased by CRS (Credit resource solutions).

Debt is from beginning of 2017, and credit file is showing as 6 payments late from October 2017 until present day, with no default ever registered.

 

There is a settlement figure offered by CRS which I am thinking about paying off,

however i am wondering what this will do to my credit file as i don't want them to suddenly add a default and mark as partially settled.

 

Any thoughts? Thanks

[dx100uk]

CRS are a powerless dca and DCA's are not bailiffs.

who are their stated clients?

 

dx

 

[greendragon]

They haven't said - i did ask them question about a default, and all they stated is they do not deal with credit files, the original lender does.

 

[dx100uk]

it will be on their letters..

 

you've not ben talking on the phone have you?

 

dx

[greendragon]

I have only had emails from them - i asked them the question online though. I just checked an email, it is stated as "Payday Express"

[dx100uk]

ideally you should never reply to emails nor texts.

it's just a free way to harass you.

any dca are totally powerless on any debt and even more so if they have not bought it.

 

As it stands, you have a payday express PDL that you've never repaid?

from the takeout date (poss march 2017?)

 

at the time of lending did you have other debts with sums outstanding that you'd missed payments on?

any other registered defaults at the takeout time too?

 

as for the settlement, yes, as no registered defaulted date is shown in the debt summary, the partial settlement will make the debt show for a further 6yrs on your file and also reset the 6yrs Statute Barring clock.

this will leave you vulnerable to being chased for the remainder as sure as egg is eggs

unless your get a letter from the original Creditor that the rest of the debt is written off, they will sell it on to a fleecing debt buyer and you money, as with all short settlement offers is as useful as burning it.

it simply lines someone's pocket with free money otherwise.

 

if you could answer the credit file status questions above, we can p'haps advise a better way of ridding you of this debt.

 

dx

 

 

 

 

[greendragon]

As it stands, you have a payday express PDL that you've never repaid? - Yes, paid back a couple of payments after it was taken out i believe.

 

from the takeout date (poss march 2017?) Taken out Jan 2017

 

at the time of lending did you have other debts with sums outstanding that you'd missed payments on? Yes

any other registered defaults at the takeout time too? Yes

[dx100uk]

stick in an irl complaint to them then.

 

dx

 

[greendragon]

Ok thanks - is that option still viable for PD Express, i have read that the deadline has passed for complaints due to them being in administration?

 

[dx100uk]

then how can CRS be chasing you for money when you stated CRS have stated their client is PDE?

 

 

[greendragon]

Not entirely sure, but if PDE no longer exists, who is still updating my credit file with a 6 payment late marker every month?!

[dx100uk]

no one is, it can't go passed 6.

if PDE don't exist CRS can't have any legal client to chase you...

so if you were to pay..where would that money go...I wonder...

 

straight into CRS's beer fund..that's where.

 

have you ever received a letter from CRS?